As discussed in the prior article we discussed the BRIC countries. In that article, we also took a look at China, which forms the C in BRIC and some of the mutual funds that invest in China. In the first part of this article we will look at some of the Chinese companies that are listed in NYSE and profile them.
The U.S ran a trade deficit of 201 billion dollars with China in 2005. The U.S exports to China totaled 42 billion dollars where as the imports totaled 243 billion dollars. Only Canada and Mexico have larger overall trade with the U.S. The trade deficit with China is expected to widen this year to a larger number. The Chinese economy is expected to be buyont with growth rates of 8% or more for the next four-five years. The growth is going to come primarily through exports to U.S and other countries in the world. Against this backdrop, we will be taking a look at Chinese companies listed in NYSE to see what sector of the economy they are operating in.
ACH - Aluminum Corp. of China Ltd.
Aluminum Corporation of China Limited engages in the production and sale of alumina, primary aluminum, and ancillary products primarily in the People's Republic of China and internationally. It operates in two segments, Alumina and Primary Aluminum. This company is currently trading at a P/E of 13 and dividend yield of 2.5%. ACH has a market cap of 12 billion.
CEA - China Eastern Airlines Corporation Limited.
China Eastern Airlines Corporation Limited and its subsidiaries provide civil aviation, air cargo, postal delivery, and other extended transportation services in the People’s Republic of China. The company has 1.5% dividend yield and had an operating loss last year. The company has a market cap of about 800 million.
LFC - China Life Insurance Company Limited.
LFC is trading at a P/E of 30 and provides life insurance services in China. LFC doesnt provide a dividend. It has a market cap of 37 billion.
CHL - China Mobile (Hong Kong) Ltd.
CHL has a P/E of 17 and a dividend yield of 2.3%. It has a market cap of 115 billion. CHL provides telecommunication services primarily in mainland China.
CN - China Netcom Group Corporation (Hong Kong) Limited.
CN has a market cap of 12 billion and P/E of 9. The dividend yield is 0.3%. CN provides fixed line communication service and other internet services.
SNP - China Petroleum & Chemical Corporation.
Has a market cap of 47 billion and a P/E of 9.5. The dividend yield is 2.4%. SNP engages in the exploration, development and production of oil and natural gas in the people's republic of China.
ZNH - China Southern Airlines Company Limited.
ZNH has a market cap of 1.4 billion and hasnt had positive earnings thus far. The company engages in the operation of airlines, as well as in aircraft maintenance and air catering operations in the People’s Republic of China and internationally.
CHA - China Telecom Corporation Limited.
CHA has a market cap of 27.5 billion and a P/E of 9. 7. The company has a dividend yield of 2.7%. The company provides wireless services to business and residential customers in mainland China.
CHU - China Unicom.
CHU has a market cap of 11 billion and a P/E of 17.6. It has a dividend yield of 1.6%. CHU is an integrated telecom operator with both GSM and CDMA technologies in China.
GSH - Guangshen Railway Co. Ltd.
GSH has a market cap of 1.8 billion and a P/E of 23. The company provides a dividend yield of 6.6%. Guangshen Railway railway provides passenger and freight transportation services between Guangzhou and Shenzhen, and certain long-distance passenger transportation services.
HNP - Huaneng Power International Inc.
HNP has a market cap of 8 billion and a P/E of 14. HNP does power generation in China.
Jilin Chemical Industrial Company, Ltd. (JCC)
PTR - Petro China has a market cap of 192 billion and a P/E of 11. It has an earnings yield of 3.4%.
SHI - Shanghai Petrochemical Company Limited.
SHI has a market cap of 4 billion and a P/E of 19. SHI doesnt pay a dividend.
STP - Suntech Power Holdings Co., Ltd.
STP has a market cap of 5 billion and a P/E of 113. STP doesnt have a dividend yield.
YZC - Yanzhou Coal Mining Co. Ltd.
YZC has a P/E of 13 and a market cap of 4.4 billion. YZC engages in mining, preparation and sale of coal. It also provides railway coal transportation services in China.